Page 18 - California Buyers & Sellers Guide
P. 18

FEES: WHO PAYS

             FOR WHAT IN CALIFORNIA


             Closing costs may be confusing. Let’s
             break it down by buyer and seller cost.










             THE SELLER TYPICALLY
             PAYS FOR:


             ü Real estate commission
             ü Real Estate excise tax, if any
             ü Any city transfer/conveyance tax*
             ü Document preparation (if applicable)
             ü Documentary transfer tax, if any
             ü Payoff of all loans in seller’s name
             ü Interest accrued to lender being paid off
             ü Statement fees, reconveyance fees
                  and any prepayment penalties
             ü Any judgments, tax liens, etc. against
                  the seller
             ü Tax proration

             ü Any unpaid homeowner’s dues
             ü Recording charges to clear all
                  documents of record against seller
             ü Any bonds or assessments
             ü Any and all delinquent taxes
             ü Mobile Notary fees, if any
             ü Homeowner’s transfer fees


             * Practice varies by county and will be detailed in PSA









              Disclaimer:  This article is not intended to be an all inclusive list of fees and charges on every transaction, but
              rather a guide to the major costs of Buying or Selling real estate property. We would be happy to review and
              explain your closing costs prior to finalize the transactions.






       PA GE 16                            S TRENGTH | E X P ER TISE | SERV ICE
   13   14   15   16   17   18   19   20   21   22   23